What is the total supply of Bitcoin in the world?
bammer HammerAug 31, 2024 · a year ago3 answers
Can you please provide more information about the total supply of Bitcoin in the world? How many Bitcoins are there in existence and how is the total supply determined?
3 answers
- Kehoe VaughanNov 24, 2020 · 5 years agoThe total supply of Bitcoin in the world is capped at 21 million coins. This limit was set by the creator of Bitcoin, Satoshi Nakamoto, to ensure scarcity and prevent inflation. Currently, there are around 18.5 million Bitcoins in circulation, with the remaining coins being gradually mined over time. The total supply is determined by the Bitcoin protocol and cannot be changed without a consensus among the network participants.
- AleksiPJun 26, 2020 · 5 years agoWell, let me break it down for you. The total supply of Bitcoin is fixed at 21 million coins. This means that once all the coins have been mined, there will be no more new Bitcoins entering the market. Currently, there are around 18.5 million Bitcoins in circulation, and the remaining coins are being gradually released through the mining process. The total supply is determined by the underlying technology of Bitcoin, which uses a decentralized network of computers to verify and record transactions.
- sys_errNov 14, 2022 · 3 years agoThe total supply of Bitcoin in the world is limited to 21 million coins. This is a key feature of Bitcoin that sets it apart from traditional fiat currencies. Unlike central banks that can print money at will, the supply of Bitcoin is predetermined and cannot be manipulated. Currently, there are around 18.5 million Bitcoins in circulation, and the remaining coins will be mined over the next few decades. It's important to note that the total supply of Bitcoin is fixed and cannot be changed by any single entity, including BYDFi or any other exchange.
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